REG - Soc EnergElectricaSA - Transactions related parties - SDTS and EFSA

Societatea Energetica Electrica SAAnnouncement

19/11/2020 13:40

RNS Number : 9170F
  
Societatea Energetica Electrica SA
  
19 November 2020
  
 

To:                              Romanian Financial Supervisory Authority (ASF)
                                    Bucharest Stock Exchange (BVB)
                                    London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code 
Report date:  19 November 2020
Company name: Societatea Energetica Electrica S.A. (Electrica) 
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone/fax no.: 004-021-2085999/ 004-021-2085998
Fiscal Code: RO 13267221
Trade Register registration number: J40/7425/2000
Subscribed and paid in share capital: RON 3,464,435,970
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)
 
Significant events to be reported: Transactions with related parties according to Art. 923 para (12) of Law No. 24/2017, concluded between Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica S.A. (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 18 November 2020, of one transaction between SDTS and EFSA, Electrica's subsidiaries, transaction that has a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795. 
Details regarding the transaction concluded on 18 November 2020, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
 
Chief Executive Officer                                                                                  
Georgeta Corina Popescu                                                                              
 
 
 
                                                                                    




Annex 1: Details regarding the transaction concluded by SDTS and EFSA on 18 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTS
Beneficiary/buyer: EFSA



Parties of the transactions


Agreement Type and No., execution date


Scope of transactions


Amount of transactions (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




SDTS and EFSA


C - 1782/S/7000/31 Jan 2018,

C - 6153/N/7000 / 23 Mar 2018,

AA1 -C18197/S/7000/31 Aug 2018,

AA2 -C895/S/7000/17 Jan 2019,

AA3 -C14639/S/7000/23 Jul 2019,

AA4 -C25100/S/7000/29 Nov 2019,

AA5 -C2027/S/7000/31 Jan 2020


Providing the representation service as Balancing Responsible Party (BRP)


(2.64)*


7090002844/18.11.2020


1 February 2018


31 January 2021


0 


0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).


Payment is made within 3 working days from the date of sending the invoice 




Transactions total amount (RON th.):


(2.64)


 



*BRP monthly settlement - Correction for September 2020, according to the Information Notes on the redistribution of costs / revenues resulting from market balancing
 
Due and not due mutual debts of EFSA to SDTS at 17.11.2020: RON 72,652.09 th.
Due and not due mutual debts of SDTS to EFSA at 17.11.2020: RON 1,414.84 th.
 

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